Answer:
c. In-house sale
Explanation:
Based on the information provided within the question it can be said that the type of sale is known as an In-house sale. This term refers to a sale where the listing broker also represents the buyer in the sale that is taking place. Which is exactly what is happening in this situation since both Jim and Sally work for the same brokerage.
Answer:
$3,000
Explanation:
Data provided in the question:
Total amount of benefits paid to the insured = $4,000
Percentage paid by the insured = 25% of monthly premium
Now,
The total amount paid by the insured = 25% of $4,000
= 0.25 × $4,000
= $1,000
Therefore,
The monthly benefit that will be taxable
= Amount of benefits paid - total amount paid
= $4,000 - $1,000
= $3,000
In accounting terms, an intangible asset is something of value that is not of physical nature. On the other hand, property, plant and equipment (PPE) are just as the name suggests. PPE refers to physical long-term assets, such equipment that is vital to a company's operations and has a definite physical component.